openPR Logo
Press release

Construction Equipment Rental Market is Expected to Reach $106.4 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Estimates

01-18-2021 10:10 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Construction Equipment Rental Market

Construction Equipment Rental Market

According to a recent report published by Allied Market Research, titled, “Construction Equipment Rental Market by Application, Product and Propulsion System: Opportunity Analysis and Industry Forecast, 2020–2027,” the global construction equipment rental market size was $91.0 billion in 2019, and is expected to reach $106.4 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for about 4.2% share, followed by Europe and Asia-Pacific.

Request for a Premium Sample Report @ https://www.alliedmarketresearch.com/request-sample/7021

The report analyzes the global construction equipment rental market on the basis of application, product, propulsion system, and region. The growth of the global market is driven by a surge in infrastructural construction activities in developing nations. In addition, rental services save end-users from investing a large amount in buying the equipment, thereby overcoming the financial constraints.

In addition, end-users do not have to bear the maintenance and operating cost of equipment, which significantly contributes to the growth of the global market. Moreover, issues of finding and hiring skilled equipment operators are resolved at the user’s end, as the rental company deals with such problems. However, the lack of skilled laborers acts as a key restraint for the growth of rental companies. In addition, lockdown implemented due to the outbreak of the COVID-19 pandemic negatively impacts the market, as construction and mining activities were either partially stopped or completely halted. Moreover, several end users terminated the contracts with equipment rental companies to avoid paying the rent, which hampered the construction equipment rental market growth. However, reopening of construction sites over a period of time and introduction of vaccines for COVID-19 are anticipated to lead to re-initiation of equipment rental companies and the construction equipment rental industry at its full capacity.

The global construction equipment rental market analysis is done based on application, product, propulsion system, and region. The applications covered in the study include excavation & mining, material handling, earthmoving, and concrete. On the basis of product, the market is fragmented into backhoes & excavators, loaders, crawler dozers, cranes, forklifts, and others. By propulsion type, it is differentiated into electric and ICE. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/7021

Key Findings Of The Study

By application, the earthmoving segment was the highest revenue contributor in 2019.

On the basis of product, the loaders segment led the market in 2019.

Depending on the propulsion system, the ICE segment generated the highest revenue in 2019.

Region-wise, North America garnered the largest construction equipment rental market share in 2019.

Key Players

Boels Rentals
H&E Equipment Services
Herc Rentals Inc.
Kanamoto Co., Ltd.
Nesco Holdings, Inc.
Maxim Crane Works, L.P.
Mtandt Group
Ramirent
Sarens n.v./s.a.
United Rentals, Inc.

Key Market Segments:

By Application

Excavation & Mining
Material Handling
Earthmoving
Concrete

By Product

Backhoes & Excavators
Loaders
Crawler Dozers
Cranes
Forklift
Other

By Propulsion System

Electric
ICE

Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/7021

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Construction Equipment Rental Market is Expected to Reach $106.4 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Estimates here

News-ID: 2226312 • Views:

More Releases from Allied Market Research

Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
Nanosatellite and Microsatellite Market Share Reach USD 8.69 Billion by 2030
𝐍𝐚𝐧𝐨𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐚𝐧𝐝 𝐌𝐢𝐜𝐫𝐨𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 by End User (Civil, Government, Commercial, and Military), Application (Communications, Earth Observation, Space Science, Technology Demonstration, and Technology Development), and Orbit Type (Non-Polar Inclined, Polar, and Sun-Synchronous): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global nanosatellite and microsatellite industry was accounted for $2.23 billion in 2020, and is expected to reach $8.69 billion by 2030, growing at a CAGR of 14.9%
Anti-Drone Market is experiencing significant growth and is anticipated to attain a CAGR of 27.9% by the year 2031
Anti-Drone Market is experiencing significant growth and is anticipated to attai …
𝐀𝐧𝐭𝐢-𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 by Technology (Electronic System, Laser System, Kinetic System), by Application (Detection, Disruption), by End Use (Government, Military & Defense, Commercial), by Platform (Ground, Handheld, UAV Based): Global Opportunity Analysis and Industry Forecast, 2021- 2031". According to the report, the global anti-drone industry generated $1.3 billion in 2021 and is anticipated to generate $14.6 billion by 2031, witnessing a CAGR of 27.9% from 2022 to 2031. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰:
Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for

All 5 Releases


More Releases for Rental

Machinery Rental Market Growing Demand, Industry Growth And Scope with Outlook 2 …
Worldwide Market Reports provide important in-depth insights for the Machinery Rental Market In its recently released study. It includes global industry analysis, size, share, growth, trends, and forecast for 2022-2029. The market study for Machinery Rental has been created after careful consideration of the current trends in the industry. It provides a clear, fact-filled overview of the market definition. The research focuses on the market size for Machinery Rental, latest
Forklift Rental Market 2019 by Top Vendor Analysis-Kanoo Machinery, Peax Equipme …
The report Forklift Rental Market 2019 Research highlights key dynamics of Global Forklift Rental Industry sector. The report explicit the complete details covering product definition, product type, and application. The report covers helpful subtleties which are sorted dependent on generation region, major players, and item type which will give a simplified view on the business. The market report shows the competitive scenario of the major market players dependent
Forklift Rental Market to Witness Massive Growth| Kanoo Machinery, Peax Equipmen …
A latest survey on Global Forklift Rental Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Forklift Rental market. The report bridges the historical data from
Cooling Tower Rental Market - Aggreko, Caterpillar, Trane, SPX Corporation, Unit …
Global Cooling Tower Rental Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cooling Tower Rental Market revenue and price, market share, market growth and gross margin by regions. Top Key Players: Aggreko (U.S.) Caterpillar (U.S.) Trane (US) SPX Corporation (US) United Rental (US) Sunbelt rental (U.S.) Johnson Controls (U.S.) Enquiry for buying report @ https://goo.gl/9KaJwM Market segment by Regions/Countries, this report covers United
Global Forklift Rental Market 2017 - Byrne Equipment Rental, Kanoo Machinery, Pe …
The Report describe Forklift Rental Introduction, product scope, market overview, opportunities, risk, driving force also to analyze the top manufacturers, with sales, revenue, and price, market type and application, with sales market share and growth rate by type, application, from 2017 to 2022 The Forklift Rental report is offers a clear picture of the current and future trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts
Global Forklift Rental Market Analysis, Demands & Trends 2022 - Kanoo Machinery, …
Qyresearchreports include new market research report "Global Forklift Rental Market Size, Status and Forecast 2022" to its huge collection of research reports. The global market for Forklift Rental market has been extensively analyzed in this report on the basis of the drivers, restraints, challenges, opportunities, this market faces. The study estimates the current size of the Forklift Rental market in as well as what it will be after the forecast period